Listed by Alliance Investment Real Estate Group
$6,299,850
717 N Garfield Street
Details
APN 39830302
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 22,500
Units 30
Cap Rate 5.66%
NOI $356,810
Occupancy 100%
Pro-Forma Cap Rate 8.97%
Pro-Forma NOI $565,040
Broker Co-Op Yes
Year Built 1979
Buildings 1
Stories 2
Acreage 0.520
Zoning Assessor
Ground Lease No
Multifamily | 30 Units | $209,995/unit
Marketing description
VALUE ADD OPPORTUNITY! ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!! We are pleased to offer for sale this well-located gated property in the highly desirable Prime Historic French Park area. This property is also close to an Elementary School, Shopping, Restaurants for tenants, and the freeway. This gated community is located minutes to Downtown Santa Ana, the Old Orange County Courthouse, Police department, and Santa Ana Metro link Station. This newer 1979 construction community is individually metered for both Gas & Electric (tenant pays for this) with huge rental upside. This community also has on site laundry room (that is owned) and has plenty of parking space (offering both garages & covered gated parking). ONE OF THE CHEAPEST PRICE PER UNIT PROPERTIES IN SANTA ANA!!! SUBMIT ALL OFFERS!!
Investment highlights
1979 Construction - Gated Community with Garages & Covered Parking
100% Occupied with huge upside in rents
Individually metered for both Gas & Electric
Great unit mix of 1 bedroom & Studio units
On Site laundry room (Owned)
Close to an Elementary School, Shopping, Restaurants, and Freeways.
Listing Contacts
Listed by Alliance Investment Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$356,810.00
$29,734.17/mo
Valuation Metrics
0
DSCR
5.66%
Cap Rate
5.66%
ROI
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